Fact sheet: Seneca Gbl Inc & Gth Tst

Fund information
Fund name
Seneca Global Income & Growth Trust
Fund manager company
Seneca Investment Managers Ltd
Fund type
Investment Trust
Fund managers
  • Alan Borrowssince 18/08/2005
  • Peter Elstonsince 01/02/2016
Accolades
Fund objective
The Company’s investment objective is to seek to outperform 3 Month LIBOR plus 3.0 per cent. over the longer term, with low volatility and the prospect of capital and income growth, through investment in a multi-asset portfolio. The performance is measured based on rolling three year periods.
Benchmark
  • 3 Month GBP LIBOR + 3%
Investment style
Active,Aggressive
Investment method
Mixed
Quick stats
1 Year return
15%
1 Year rank in sector
7/9
Sector
IT Global Equity Income
Yield
3.8%
Ongoing charge (OCF)
?A fund’s ongoing charges figure (OCF) is similar to the old-style total expense ratio. It reflects the annual charge to investors in the fund, in percentage terms, but does not include extra performance-related fees (where these are levied) or the fund’s trading expenses on its underlying investments.
1.52%
Fund size
£63m
FE Risk score
?FE Risk Scores measure the riskiness of instruments relative to the FTSE 100 index of shares. Weekly volatility is measured over three years with recent behaviour counting more heavily than earlier behaviour. Cash-type investments will have scores close to zero. Funds will tend to have scores in the 0-150 range. The FTSE 100 is always scored at 100. There is no upper limit.
43
Mid price
157.75
NAV
?Net asset value. The NAV per share may be higher or lower than the share price, which in turn is trading at either a discount or a premium to NAV.
154.66
Discount/Premium
?When the market price of an investment trust’s shares is less than the net asset value (NAV) per share then it is trading at a discount to NAV. A trust’s shares are on a premium when they trade at a higher price than the NAV.
+2.00
Gearing
?Investment trusts have the ability to borrow money which they invest with the aim of generating a higher return than the cost of the loan. An ungeared trust has a figure of 100. A figure of 110 would represent a trust with 10% gearing.
111
Top in this sector
Fund name1 Year
Murray Intl Tst PLC45.8%
Securities Trust Of Scotland29%
Scottish Am Inv Co PLC26.2%
Blue Planet Inv Tst PLC ORD 1P25.1%
Hndrsn Intl Inc Tst plc24.9%
...more in IT Global Equity Income

Performance snapshot

Holdings snapshot

  • Not Specified33.9%
    UK32.6%
    International31.9%
    Money Market1.6%
  • No data available.
  • UK Equities32.6%
    International Equities31.9%
    Others26.8%
    Global Fixed Interest7.1%
    Money Market1.6%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund-0.1%2.3%9.8%15%33.4%85.3%
Sector2.7%4.5%15.8%22.7%29.2%80.9%
Rank within sector8 / 97 / 98 / 97 / 94 / 94 / 9
Quartile4th4th4th4th2nd2nd
Calendar performance
 YTD - 20162015201420132012
Fund13.7%11%6.1%25.4%16.1%
Sector22.4%1.7%2.4%23.2%16%
Rank within sector7 / 91 / 94 / 94 / 95 / 9
Quartile4th1st2nd2nd3rd
Risk statistics
Alpha
?Alpha is a measure of a fund's over- or under-performance by comparison to its benchmark. If the Alpha is 5, the fund has outperformed its benchmark by 5%; so the greater the Alpha, the greater the outperformance.
5.76
Beta
?Beta estimates a fund's volatility by comparison to that of its benchmark. A fund with a beta close to 1 means that the fund will move generally in line with the benchmark. Higher than 1 and the fund is more volatile than the benchmark and vice versa.
0.55
Sharpe
?This commonly-used measure calculates the level of return over and above the return of a notional risk-free investment, such as cash. The difference in returns is then divided by the fund's volatility. The resulting ratio is an indication of the amount of excess return generated per unit of risk.
0.87
Volatility
?Volatility (or standard deviation), when applied to an investment fund, expresses its risk. It shows how widely a range of returns varied from the fund's average return over a particular period. For example, if a fund had an average return of 5%, and its volatility was 15, this would mean that the range of its returns over the period had swung between +20% and -10%.
7.67
Tracking error
?This measures the standard deviation of a fund's excess returns over the returns of an index or benchmark portfolio. As such, it can be an indication of 'riskiness' in the manager's investment style. A Tracking Error below 2 suggests a passive approach. At 3 and above the the manager will be deploying a more active investment style.
7.21
Information ratio
?This is a useful risk-adjusted measure of actively managed fund performance. It is calculated by deducting the returns of the fund's benchmark from the fund's overall returns, then dividing the result by its tracking error. The higher the Information Ratio the better. It is generally considered that a figure of 0.5 reflects a good performance, 0.75 very good, and 1.00 outstanding.
0.28
R-Squared
?An indication of how closely correlated a fund is to an index or a benchmark. Values for R-Squared range between 0 and 1, with 0 indicating no correlation at all and 1 showing a perfect match. Values upwards of 0.7 suggest that the fund's behaviour is increasingly linked to its benchmark.
0.34
Price movement
52 week high159.5
52 week low137.75
Current bid price157
Current offer price158.5
Current mid price157.75
Region
1Not Specified33.9%
2UK32.6%
3International31.9%
4Money Market1.6%
Industry sector
No data available.
Asset type
1UK Equities32.6%
2International Equities31.9%
3Others26.8%
4Global Fixed Interest7.1%
5Money Market1.6%
Individual holdings
1INVESCO PERPETUAL EUROPEAN EQUITY INCOME4.2%
2EUROPEAN ASSETS TRUST NV EUR0.46(BR)3.4%
3ABERDEEN ASIAN INCOME ORD3%
4AJ BELL HOLDINGS3%
5SCHRODER ASIAN INCOME MAXIMISER A INC3%
6PRUSIK ASIAN EQUITY INCOME FUND2.6%
7FAIR OAKS INCOME FUND LTD NPV2.4%
8ROYAL LONDON SHORT DURATION GLOBAL HIGH YIELD2.1%
9KIER GROUP1.8%
Management
Fund manager group
Seneca Investment Managers
Fund manager company
Seneca Investment Managers Ltd
Fund type
Investment Trust
Fund objective
The Company’s investment objective is to seek to outperform 3 Month LIBOR plus 3.0 per cent. over the longer term, with low volatility and the prospect of capital and income growth, through investment in a multi-asset portfolio. The performance is measured based on rolling three year periods.
Benchmark
  • 3 Month GBP LIBOR + 3%
Investment style
Active,Aggressive
Investment method
Mixed
Fund managers
NameSinceBiography
Alan Borrows18/08/2005Alan began his investment career as an Investment Assistant at Merseyside County Council in 1980, rising to the position of Senior Investment Manager in 1987. In addition to managing traditional assets, Alan led the introduction of a wide range of alternative asset classes into The Merseyside Pension Fund. He was responsible for the Team’s first hedge fund investments in the early 1990s and for the introduction of structured products. Alan was also involved in the development of the private equity programme at Merseyside Pension Fund. Alan jointly founded Seneca Investment Managers Limited (originally Midas Capital Partners Limited) in 2002. Alan has been Lead Fund Manager on the CF Seneca Diversified Income Fund since launch in 2002. Alan is also the Lead Fund Manager of the Seneca Global Income & Growth Trust plc (formerly known as Midas Income & Growth Trust plc).
Peter Elston01/02/2016Mr. Peter Elston serves as the Chief Investment Officer at Seneca Investment Managers Limited and Seneca Global Income & Growth Trust plc. Previously, Mr. Elston served as Global Investment Strategist at Seneca Investment Managers Limited. Prior to this, he served as the Head of Asian Multi-Asset Business, Head of Asia Pacific Strategy and Asset Allocation and Asian Investment Strategist at Aberdeen Asset Management Asia Limited and was its Strategist for Asia since 2008. He was a part of the global strategy team at Aberdeen since 2009. Mr. Elston worked closely with members of Aberdeen's Asian equity and fixed income teams. He joined Aberdeen in 2008. Mr. Elston started his career in 1988 at Mercury Asset Management, and managed Asian equity funds. He was also employed at Blackrock (Hong Kong) Limited. Mr. Elston received a BA in Mathematics and Oriental Studies from University of Cambridge.
Compliance
AIC Member
Domicile
No data available.
Fund for sale in
United Kingdom
Seneca Global Income & Growth Trust
Initial charge-
Annual charge-
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price155.47
CurrencyGBX
Price updated07/12/2016
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeNJPF
Seneca Global Income & Growth Trust NFV
Initial charge-
Annual charge0.65%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.52%
Total expense ratio (TER)0.02%
Bid price-
Offer price-
Mid price156.35
CurrencyGBX
Price updated07/12/2016
Type-
Institutional or retail classRetail
Domicile-
Citi code0WPE
Seneca Global Income & Growth Trust NPV
Initial charge-
Annual charge0.65%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.52%
Total expense ratio (TER)0.02%
Bid price-
Offer price-
Mid price156.35
CurrencyGBX
Price updated07/12/2016
Type-
Institutional or retail classRetail
Domicile-
Citi codeEV17
Data provided by

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